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Dar Al-Arkan Real Estate Development Co has paid $9.2m in quarterly coupon distributions to its Sukuk II & Sukuk III holders. DAAR said the payments comprised $6.8m for Sukuk II maturing in 2012, and $2.4m for Sukuk III maturing in 2014.
The periodic coupon distribution for Sukuk II is based on three-month Libor (0.40306% calculated on 13/10/2011) plus a profit margin of 2.25%…………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more
Dar Al-Arkan pays $9.2mln in Sukuk coupon
| Posted on 10 January 2012 |
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